Daily Archives: October 6, 2022

2022-10-06: News Headlines

WSWS (2022-10-06). Modi booster, Gautam Adani becomes world's second richest man amid social misery for Indian working class. wsws.org Pro-investor economic reforms‚ÄÜcarried out since 1991 by successive Indian governments, led by both the Congress Party and Modi's BJP, have dramatically deepened social inequality and concentrated wealth in the hands of rapacious billionaires like Adani.

_____ (2022-10-05). We Need A Labor Movement That's A Lot More Militant. popularresistance.org Class struggle unionism is based on a very simple idea, which is that workers create all wealth. Through the employment process this wealth gets separated from the workers and flows to a handful of people in society. That is why and how we get billionaires. | This view of employment is very different from business unionism, which was the main competing form of unionism to class struggle unionism. Business unionism sees itself as having a very narrow role of negotiating the sale of labor. The view can be summed up with the slogan "a fair days wage for a fair days work." Business unionists see themselves as narrowl…

Internationalist 360 ∞ (2022-10-05). Why Western Countries Are Interested in Maintaining Energy Poverty in Africa. libya360.wordpress.com Ekaterina Blinova Sudanese-British billionaire Mo Ibrahim criticized the West on Monday for obstructing African nations' effort to develop their own hydrocarbon reserves and constantly ignoring the energy poverty problems of the Global South. What's behind the Global North's political short-sightedness and who benefits from the controversy? Even though Africa boasts roughly 12% and 9% of…

C.J. Atkins (2022-10-05). The Fed's intentional recession: Higher interest rates mean fewer jobs, smaller paychecks. peoplesworld.org Whenever the Federal Reserve announces interest rate hikes, a lot of working people wonder what it means for them. If you're buying a home or have an adjustable rate mortgage already, then you can expect the interest offer you get from the bank to be higher. Perhaps the loan you want to take out for …

WSWS (2022-10-05). The global strike wave and the crisis of revolutionary leadership. wsws.org Across the world, a surge of working-class opposition to inequality and capitalist exploitation is developing in the form of strikes and protests on every continent.

Jim Pugh (2022-10-05). Reviving the Child Tax Credit Is a Winning Campaign Message for Democrats This Coming Midterms. commondreams.org The expanded Child Tax Credit was the most impactful anti-poverty program in a generation. Democrats should campaign on bringing it back.

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